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Old 07-26-2012, 05:53 PM   #11
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Thanks everyone for your input...great to hear of all the options out there
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Old 07-26-2012, 07:46 PM   #12
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No money down. 5.9% for 12 years.

Dave Ramsey would not be happy abut this!
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Old 07-26-2012, 08:30 PM   #13
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we put 500.00 down & got a 1.99% for 40 months @ our credit union, no brainer
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Old 08-03-2012, 11:52 PM   #14
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Financial viewpoints can be somewhat of a sensitive topic in a forum. It can become ugly pretty fast. Out of consideration to the OP let's try to 'stay the course' with the original question asked in this thread.
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Old 08-03-2012, 11:55 PM   #15
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Quote:
Originally Posted by wincrasher View Post
you should never finance a toy like an RV. only buy what you can afford to pay cash for.

Deleted in effort to stay on topic.
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Old 08-05-2012, 03:00 PM   #16
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Cash is not always better than credit. You can write off the points if you have a primary residence and still keep your cash on hand. This way, you have that cash available should an unexpected expensive urgency arise. I agree you should not buy it if you cant afford it but that doesnt translate to paying cash for the item
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Old 08-05-2012, 07:55 PM   #17
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I just bought my new Surveyor three weeks ago and put nothing down. Financed at 7.9%. Then one week ago paid that off with my HELOC at 2.75%. I agree with the cash thing but I wanted to do it now so that I could spend some time with my mom for whatever years she has left.

So, I retire in 4.5 years and the house will be paid for by then, the truck will be paid for by then and whatever remains on the TT will be paid for with my final check for accrued vacation. Luckily for me my employer still has a traditional pension so they will pay me every month whether I work or not. I've been maxing out my 401K and I will have 30 years in at that time so I've definitely earned it and have no other debt besides truck and house so yeah its probably not the best move but I don't really care. My mom is more important than any amount of money.
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Old 08-05-2012, 09:43 PM   #18
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marcusfan,

It's a great move. Enjoy the time with your mom.
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Old 08-06-2012, 01:14 AM   #19
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We financed our toy hauler at 4.74% for 12 years. The reason why we did this is so right now for the first couple of years we can afford the monthly payment and still afford to use it. Some people would call this stupid. But my wife and I are not stupid with our money. We both have very secure well paying jobs and last year had a brand new house built for us as our first home. One vehicle is paid for and the other is one year away if not sooner. We will in no way take 12 years to pay off our TH. we just both love to camp and have wanted a TH for years so this is what we did to full fill our dreams.
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Old 08-06-2012, 11:55 AM   #20
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Quote:
Originally Posted by bakken

You can write off the interest on an RV?
Yes you can if you have a primary home it is considered a second home as ling as it has two fixed amenities. You write off the points similar to your primary home but at a lower rate. You can also write off any of the states personal property taxes if your state has them......however, you must itemize on your taxes, if you take the standard deductions, this is not a possibility.
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